BNP Paribas Buys 1.9% Stake in RBL Bank for ₹377 Crore; Stock Jumps 9% After ENBD Acquisition Plans

BNP Paribas Financial Markets has acquired a 1.9% equity stake in RBL Bank through open market transactions worth ₹377 crore on October 20. The global financial firm bought 1.18 crore shares of the private lender at an average price of ₹317.85 per share, according to exchange data. RBL Bank shares rallied 9% on Monday to close at ₹326.65, driven by heavy volumes, following Emirates NBD Bank’s (ENBD) announcement that it had secured board approval to acquire up to 60% equity stake in RBL Bank by investing ₹26,850 crore. ENBD will also make a mandatory open offer to public shareholders for an additional 26% stake. Meanwhile, Bliss GVS Pharma shares gained 2.2% to ₹155.43 after investor Mateus purchased 26 lakh shares at ₹150.6 per share, amounting to ₹39.15 crore, from Arian Investment, which previously held 7.43% stake in the company. In other notable block deals: Infinity Asset Advisors sold 16.54 lakh shares (0.52%) in DCB Bank at ₹145.18, worth ₹24.01 crore, even as the stock soared 12.2% to ₹144.78 on strong buying momentum. South Indian Bank surged 15.6% to ₹37.73 after Aditya Kumar Halwasiya acquired 2.01 crore shares (0.76%) at ₹35.24 per share, valued at ₹70.83 crore. LT Elevator dropped 4.2% to ₹133.15 after India Max Investment Fund offloaded 1.44 lakh shares (0.75%) at ₹134.08, for ₹1.93 crore. LG Electronics India extended its losing streak for the fourth consecutive session, slipping 0.17% to ₹1,665.20, even as BofA Securities Europe SA acquired 66,700 shares at ₹1,656 per share for ₹11.04 crore. 🏷️ Hashtags: #RBLBank #BNPParibas #EmiratesNBD #StockMarketNews #BlissGVSPharma #DCBBank #SouthIndianBank #LTElevator #LGElectronicsIndia #FIIBuying #MarketBuzz #EquityDeals